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Bokoli Plus Group
In this Group: Mado, Marc, Gracia, Nono, Nzuzi, Pascal, Emilie, Vicky, Nenette*, Ruth, Joséphine, Nanou, Théthé, Vangu
* not pictured
Mado T. is a chairwoman of a Community bank, named “Bokoli Plus”. The group is composed of 14 microentrepreneurs jointly united to receive loans from Kiva, through IMF HOPE RDC, with the goal of developing their businesses.

Mado started has been in business since 1980 selling slippers. Today, she operates a general store and she also sells charcoal. She is 56 years old, married, and has four children between the ages of 14 and 33. One of her children still goes to school. Her store has prospered, thanks to Hope’s loans. With the profit of about $20 earned per day, she increased her working capital. Currently, Mado is happy to be part of one of MFI Hope’s groups. She joined the group in 2009 and her business has been reinforced through the eleven loans she received from MFI Hope DRC. She has repaid each loan properly. With the next loan, she intends to diversify her business by purchasing some crates of soft drinks and other items in order to increase the profits. Her dream is to open a larger store. Her business is located in the western area of Kinshasa.

Additional Information

About HOPE DRC

HOPE International has been providing small business loans and savings services to thousands of entrepreneurs in DRC since 2004. HOPE DRC targets small business owners who can use loans to increase their inventories or invest in assets that have the potential to increase their incomes. Funds from Kiva lenders play a major role in expanding access to affordable, flexible capital for micro-entrepreneurs, 80% of whom are women.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 13
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,594,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bokoli Plus Group's $3,750 loan helped a member to increase the inventory of the store in order to reinforce the working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011